Yes

The basis will be stepped up when given to the heirs. They will get it at the current market value. It is one of the bigger loopholes in the US Tax system.

If your "land trust" is a separate legal entity, then it would not have a "death" and the stepped-up basis would not apply because you no longer own the property.

I believe all stocks get the step up in basis.

His shoes were a mess after he stepped in the mud.

She won the race after she stepped up her pace.

He stepped up to the plate, swung the bat, and hit a home run.

She stepped on the gas pedal and sped away.

His parents were very proud of him after he stepped up to do the right thing by telling the truth.